JP MORGAN CHASE WEEKLY Technical Analysis – 02 March 2022

JP MORGAN CHASE WEEKLY Technical Analysis – 02 March 2022

stock technical analysis

JP MORGAN CHASE Technical Analysis: Weekly Chart

JP MORGAN CHASE Technical Analysis

In the weekly charts, JP MORGAN CHASE is trading in the down channel.

It is trading below 20 and 50 days SMA & above 100 days SMA.

The immediate support is 127.16 & the resistance level is at 139.50.

JP MORGAN CHASE is trading in the down channel until there is a trend reversal.

JP MORGAN CHASE Technical Analysis: Daily Chart

JP MORGAN CHASE Technical Analysis

In the daily charts, JP MORGAN CHASE is trading in the down channel.

It is trading below all SMA.

The immediate support is 133.56 & the resistance level is 139.56.

JP MORGAN CHASE is trading in the down channel until there is a trend reversal. 

How to Trade JP MORGAN CHASE this Week:

JP MORGAN CHASE will follow the downtrend until their trend reversal. So, remain bearish on JP MORGAN CHASE

TRADE SUGGESTION- SELL AT 136.38, TAKE PROFIT AT 133.56 AND STOP LOSS AT 139.56

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